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Jose Reinaldo
José, age 51, is married and has four children, ages 26, 21, 15, and 8. He lives in the Choloma municipality in Cortes.

José used to work in construction. However, the income he was earning was not enough for his family to survive on. That is when he thought of working on his own. A year ago he used his own capital to start the business, a carpentry shop. He makes tables, chairs, and wooden mirrors in order to sell them. He states that this business has gone very well for him. So far he has been able to cover the family’s necessities.

He requested a loan for 20,000 lempiras to buy raw materials like wood, glue, and nails, etc. He will use the materials to make doors, chairs, and mirrors in order to continue selling and getting income.

His goal is to be able to expand by making a variety of wooden furniture in order to give his customers a better variety of products.
View original language description ↓
José tiene 51 años de edad, es casado, tiene 4 hijos d 26, 21,15 y 8 años de edad, vive en el municipio de Choloma. Cortes.
Don José se dedicaba a trabajar en la construcción. Pero el ingreso que ganaba no era suficiente para sobrevivir con su familia, fue entonces que pensó trabajar en lo propio. Hace 1 año comenzó con su propio capital el negocio de un Taller de Ebanistería donde elabora mesas, sillas y espejos de madera para venderlas. Manifiesta que le ha ido muy bien con este negocio y hasta la fecha ha podido solventar las necesidades de su familia.
El solicito un préstamo de 20,000 lempiras para comprar materia prima como madera, pegamento, clavos etc. para la elaboración de las puertas, sillas y espejos. Para seguir vendiendo y obteniendo ingresos.
La meta que el tiene es poder extenderse en hacer variedad de muebles de madera para dar mejores opciones de productos a los clientes.

Additional Information

About Organización de Desarrollo Empresarial Femenino Financiera, S.A.

This loan is administered by Organización de Desarrollo Empresarial Femenino Financiera, S.A. (ODEF), a Kiva Field Partner in Honduras. A leader in the microfinance sector since 1985, ODEF strives to combat poverty by offering a wide array of financial services to low-income men and women. The organization works with its parent NGO, ODEF OPD, to provide training and technical assistance to impoverished microentrepreneurs. By incorporating the entire family unit in this process, ODEF OPD aims to improve the standard of living through the creation of profitable enterprises. Visit ODEF’s partner page for more information.

About Honduras

  • $4,800
    Average annual income
  • 73
    View loans »
    Honduras Loans Fundraising
  • $8,633,625
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Jose Reinaldo to buy raw materials like wood, glue, and nails, etc. to use to make doors, chairs, and mirrors.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
May 4, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013